tungsten production late 2011 brr update., page-7

Crimsoncarp

?I would prefer a corner stone investor as I am not prepared to pump any more money into the company before construction of the plant starts.?

I completely agree with your comment. I believe the new management has turned Icon around and has a clear direction with independent supporting documentation to reopen an existing Tungsten mine with the approvals in place.

As a long term shareholder we have had many Mt Carbine false starts but I am confident this time.
All we need is the Money, Mt Carbine has the justification and payback so with 1 or 2 cornerstone investors underwriting Mt Carbine?s success with Dr Leon and Ian P.S. driving we would have a successful shareholder capital rising.
If everything goes to plan I would like to think Icon?s share price at xmas will be $0.40 plus.

Yes Icon has are released some upbeat announcements in the last few weeks. The market assumes with a capital raising you can buy cheaper at the raising than on market. Sometimes a companies share price seems to go up prior to a capital raising announcement so I assume in icons case it will be underwritten buy cornerstone investors. Time will tell.

Will I invest more money yes if there is a cornerstone and the funds are guaranteed?

If not I would have to look at it on its merits.

Icon need the money to push the button and be cashflow positive prior to xmas so after the disappointments we need a bullet proof S.M.A.R.T plan.

DYOR